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Breaking News
Diversification levels reach near-record level
by • 2 Nov 2023
The number of mortgage brokers who also write commercial loans has increased to the second-highest level to date.
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Unpaid invoices mean SMEs face potential $22bn shortfall
by Josh Needs • 2 Nov 2023
Small businesses look to be facing cash flow concerns this festive season, according to an accounting platform.
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Broker association calls for balance with SME finance complaints
by Josh Needs • 2 Nov 2023
Six recommendations have been put forward to the complaints body by the MFAA regarding the handling of small-business...
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Home loans are the most reported licensee breach: ASIC
by Josh Needs • 1 Nov 2023
Credit issues are the most common issues reported to ASIC under the reportable situations regime.
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Lumi unveils rate-reducing business loan
by Annie Kane • 1 Nov 2023
A new feature that automatically decreases the interest rate on business loans for certain SME borrowers has been...
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In Memoriam: Ruth Cresswell, 1968–2023
by Annie Kane • 1 Nov 2023
Ruth Patricia Cresswell, a veteran broker relationship manager and sales manager, has passed away unexpectedly at the...
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Submissions open for Top 25 Brokerages 2024
by Reporter • 1 Nov 2023
The Adviser is calling for submissions from brokerages across Australia for the Top 25 Brokerages 2024, partnered by...
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Brokers settled record home loans: MFAA
by • 31 Oct 2023
Brokers have maintained a strong market share position, with the third-party channel settling over $350 billion in home...
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Pepper Money announces commercial mortgage policy changes
by Adrian Suljanovic • 31 Oct 2023
The non-bank lender has announced a series of commercial real estate policy improvements to further assist its brokers...
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Prospa originations down 31%
by Adrian Suljanovic • 31 Oct 2023
The non-bank lender announced a drop in originations for the quarter ended 30 September 2023 as it continues to tighten...
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Wisr book drops after ‘deliberate moderation’
by Josh Needs • 31 Oct 2023
The non-bank lender saw its loan book and originations drop in the first quarter of the financial year 2024, which it...
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MyState appoints new head of broker distribution
by Annie Kane • 30 Oct 2023
A former broker-turned-business relationship manager has become the head of broker distribution at the non-major bank.
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New housing lending bounces back after consecutive declines: CBA
by Adrian Suljanovic • 30 Oct 2023
The major bank has reported a lift in new housing lending in September following three months of falls.
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Inflation ‘higher than anticipated’: McEwan
by Adrian Suljanovic • 30 Oct 2023
Last week’s third quarter inflation data came back higher than forecast, the major bank’s chief executive has said,...
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How SMEs are tapping into the climate tech boom
by Adrian Suljanovic • 30 Oct 2023
For Australian businesses speeding towards net-zero carbon footprint, climate tech is prophesied to play a critical...
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Challenging conditions to continue: Liberty
by Josh Needs • 27 Oct 2023
The financial services group has forecast ongoing challenging conditions despite seeing loan portfolio growth in 1Q24.
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50% increase in cyber criminal attempts on brokers: Connective
by Josh Needs • 27 Oct 2023
The aggregator has recorded a 50 per cent increase in fraudulent attempts on its brokers and clients over the last 12...
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FBAA ‘not surprised’ by low broker complaints
by Josh Needs • 27 Oct 2023
The association has said the low number of broker complaints found by AFCA was unsurprising based on previous data.
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Commercial property resilient in the face of economic headwinds
by • 27 Oct 2023
Despite global economic challenges and increased risks in commercial real estate, the Australian commercial property...
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Hot Property: The biggest property headlines from week 23–27 October
by Adrian Suljanovic • 27 Oct 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 27...
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Increased awareness of broker industry needed: BCCC
by • 26 Oct 2023
With small businesses and agribusinesses often seeking assistance from banks too late in financial distress, there’s...
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Thinktank adopts NextGen’s ApplyOnline platform
by Josh Needs • 26 Oct 2023
The non-bank lender has utilised the ApplyOnline platform to help expand within Australia’s mortgage broker network.
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AFG makes 2 key appointments
by • 25 Oct 2023
AFG has revealed two significant appointments that it anticipates will play pivotal roles in supporting its member...
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NAB selects new head of broker
by Josh Needs • 25 Oct 2023
The big four bank has announced the formal appointment of its new executive, broker distribution.
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Rate cuts may trigger the next mortgage war, warns analyst
by • 25 Oct 2023
While the mortgage wars have subsided, there’s potential for CBA to rekindle the competition war amid a drop in its...
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